My way of placing stop and take profit!

i always use the stop loss but i have to calculate the potential level the price will go before i set it , normally the price will retest the previous level so my sl will be above 30 pips from those level

we are always reminded that we was given the freedom by the broker to make a decision between the cut and cover, from there it should be fine because we use stop losses and takeproft is a strategy we reduce the risk of a major

for me to use 50 pip stop loss is too big brother, I use the SL is 30 pips in value, on average barengi system and also in adding more if we open a new position will add a lot bigger

good opinion, than some traders must also have a difficulty in determining when to take profits stoploos how and how much. to note in my opinion is the distance do not get too close or far away

Real good advice for all trader but let me add to it that if place stop below or above 00 and the stop fall before next support or resistance, then also need to move it far off to stop 15 pip above major resistance or 15 pip below major support.

yes I strongly agree with your review we have to learn to put take profit and stooploss so that we can consistently
usually means to place the line SL is measured by Fibo
you try to give it a try

In my trading strategy first I determine the market position and as I'm a day trader start trading order and set take profit to 50 pips and set stop loss where we capital loss 2%. I think a trader start trading with analysis and never take big risk in particular trading.

normally i never provide stop loss but when i am away from system i provide stop loss to protect.
but i have a ratio of stop loss too.3 parts profit means 1 part of loss.

My way of selection of points to take profit in the trade of foreign exchange. Is very clear where the selection of 30 points as to the arrest of loss rates is clear. Now trade foreign exchange required to learn this skill before entering this type of investment. But not always used the method of issuing pending order.

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Originally Posted by zoomfire

normally i never provide stop loss but when i am away from system i provide stop loss to protect.
but i have a ratio of stop loss too.3 parts profit means 1 part of loss.

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I usually place stop loss double than my take profit. It means that if I lose a trade then I have to win 2 trades to make it break even. In using close take profit we can give ourself a good chance of winning more trades.